We have investigated anisotropic physical properties (magnetic susceptibility, electrical resistivity, thermoelectric power, Hall coefficient, and thermal conductivity) of Y-Al-Ni-Co decagonal approximant with composition ${\text{Al}}_{76}{\text{Co}}_{22}{\text{Ni}}_{2}$. The crystalline-direction-dependent measurements were performed along three orthogonal directions ${a}^{\ensuremath{\ast}}$, $b$, and $c$ of the Y-Al-Ni-Co unit cell, where $(a,c)$ monoclinic atomic planes are stacked along the perpendicular $b$ direction. Anisotropic magnetic susceptibility of conduction electrons is paramagnetic for the field lying within the $(a,c)$ atomic planes and diamagnetic for the field along the $b$ direction. Anisotropic electrical resistivity is low in all crystalline directions, appearing in the order ${\ensuremath{\rho}}_{{a}^{\ensuremath{\ast}}}g{\ensuremath{\rho}}_{c}⪢{\ensuremath{\rho}}_{b}$. Thermopower shows electron-phonon enhancement effect. Anisotropic bare thermopower (in the absence of electron-phonon interactions) was extracted, appearing in the same order as the resistivity, $|{S}_{{a}^{\ensuremath{\ast}}}^{\text{bare}}/T|g|{S}_{c}^{\text{bare}}/T|g|{S}_{b}^{\text{bare}}/T|$. Anisotropic thermal conductivity appears in the order ${\ensuremath{\kappa}}^{b}g{\ensuremath{\kappa}}^{c}g{\ensuremath{\kappa}}^{{a}^{\ensuremath{\ast}}}$, so that $b$ is the most conducting direction for both electricity and heat. Hall coefficient ${R}_{H}$ exhibits pronounced anisotropy, where the magnetic field in a given crystalline direction yields the same ${R}_{H}$ for the current along the other two crystalline directions in the perpendicular plane. These anisotropies are analyzed in terms of the anisotropic structure of the Y-Al-Ni-Co phase and the ab initio calculated anisotropic Fermi surface. The results are compared with the literature-reported anisotropy of the physical properties of the $d$-Al-Ni-Co decagonal quasicrystal.
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